Impacts of Alternative Emissions Allowance Allocation Methods under a Federal Cap-and-Trade Program

The authors are grateful to Kenny Gillingham, Marcus Schneider, and Robert Stavins for very helpful suggestions, to Abhinav Agrawal and Zhe Zhang for excellent research assistance, and to the Energy Foundation and Stanford University's Precourt Energy Efficiency Center for financial support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.